Docs Outside The Box

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!We have Eric McGlothen, CPA and Founder of Eric McGlothen, LLC back on the show.  In this episode, Eric breaks down IRS rules on writing off business vehicles.Things to expect in this episode:The pros and cons of using your car for businessMaximizing tax write-offs by purchasing a separate car for businessHow to use a car used for business AND personal purposesUsing apps to track your mileageMileage Tracker: Mileiq.comGuest Contact Information:Website: https://www.emac-cpa.com/Email: info@ericmcglothenllc.comTwitter: @emaccpaFacebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/Phone: (404) 946-1855Youtube Show: Level Up with Eric McGlothenWE WANT TO HEAR FROM YOU!!!!  FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our communityText word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by: Your Podcast PalThis episode is sponsored by:Locumstory. Learn how locum tenens helps doctors make more and have the lifestyle they deserve! Check them out HERE!

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Media outlets around the world are reporting that Tom Brady and his wife, Giselle Bündchen, are having serious marital problems because of the quarterback’s short-lived retirement from the NFL. In this episode, Nii and Renée tackle the topic of when does family trump career? In other words, is Brady, the seven-time Super Bowl winner, Greatest Of All Time quarterback, being selfish for not wanting to retire, or is his wife selfish for wanting him to leave football to spend more time with his family? Things to expect in this episode:Nii breaks down Tom Brady and Giselle’s Bündchen’s marital problemsNii asks Renée to give her opinion on which Brady is being selfish, Tom or Giselle?How much success is enough?Are Giselle’s concerns for her husband’s health warranted?Will Tom regret not spending more time with his children in their formative years?WE WANT TO HEAR FROM YOU!!!!  FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our communityText word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by: Your Podcast PalThis episode is sponsored by:St. John Associates - Our expert consultants thoughtfully match physicians and employers nationwide. www.StJohnJobs.com/Docs 

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!An increasing number of medical students and doctors are earning their MBAs and their medical degrees through dual degree programs. Nii and Renée delve into the pros and cons of this pathway as well as the costs involved, job opportunities, and whether or not it is worth it. Things to expect in this episode:Nii and Renée’s personal experience in a DO/MBA dual degree programWhat is an MBA and the different types of MBA programsThe pros and cons of getting an MBA while in medical schoolMaxing out federal loans, securing private loans, and additional costsIs the combined MBA and medical degree necessary or beneficial?WE WANT TO HEAR FROM YOU!!!!  FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our communityText word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by: Your Podcast PalThis episode is sponsored by:Locumstory. Learn how locum tenens helps doctors make more and have the lifestyle they deserve! Check them out HERE!

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Like the rest of the public, most doctors are either underinsured or overinsured. Nii and Renée come together to discuss Money Trap #7 - Insurance. The docs get into the ins and outs of insurance, from disability to whole life to term, even the impact it has on student loans. Things to expect in this episode:The reality of life and death Why Nii and Renée dropped their original & expensive whole life insurance policyGetting over the fear/superstition of talking about life insuranceInvesting efficiently: how life insurance stacks up against investing in stocksIs life insurance the best way to leave an inheritance for your family?WE WANT TO HEAR FROM YOU!!!!  FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our communityText word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by: Your Podcast PalThis episode is sponsored bySt. John Associates - Our expert consultants thoughtfully match physicians and employers nationwide. www.StJohnJobs.com/Docs 

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Nii addresses what putting yourself on the payroll for your side-hustle does to your taxes. We have special guest, Eric McGlothen, CPA and Founder of Eric McGlothen, LLC.  Things to expect in this episode:Benefits of putting family members on payroll, including federal tax perksLLC, S Corp, and C Corp strategiesThe false security of W-2 employment401Ks and paying your health insurance through your businessWealth strategies, including retirement savings via payrollGuest Contact Information:Website: https://www.emac-cpa.com/Email: info@ericmcglothenllc.comTwitter: @emaccpaFacebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/Phone: (404) 946-1855Youtube Show: Level Up with Eric McGlothenWE WANT TO HEAR FROM YOU!!!!  FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our communityText word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by: Your Podcast PalThis episode is sponsored by Provider Solutions & Development. Experts in holistic career coaching – check them out HERETwitter: @PSDConnectsFacebook: @PSDConnectsLinkedIN: Provider Solutions & Development

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!On this tax tip, Nii delves into tax loss harvesting with Eric McGlothen, CPA and Founder of Eric McGlothen, LLC.  Eric breaks down how investors can offset gains with losses and the rules that apply to taxable income, stocks, and crypto assets. Things to expect in this episode:What is Tax - Loss harvestingThe goal is not to have any taxable incomeHow tax loss harvesting impacts your taxable incomeCryptocurrencies and wash rulesGuest Contact Information:Website: https://www.emac-cpa.com/Email: info@ericmcglothenllc.comTwitter: @emaccpaFacebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/Phone: (404) 946-1855Youtube Show: Level Up with Eric McGlothenWE WANT TO HEAR FROM YOU!!!!  FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our communityText word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by: Your Podcast PalThis episode is sponsored by: Set For Life Insurance. What the Darkos use for great disability insurance at a low cost!! Check them out at www.setforlifeinsurance.comProvider Solutions & Development. Experts in holistic career coaching – check them out HERETwitter: @PSDConnectsFacebook: @PSDConnectsLinkedIN: Provider Solutions & Development

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Nii brings back Eric McGlothen, CPA and Founder of Eric McGlothen, LLC, with another tax tip, this time focusing on home office deductions, specifically how to designate space in your home and calculate and reduce your tax burden.   Things to expect in this episode:How to designate space in your home as an officeHome office deductions for W-2 employeesYour business designation and deduction eligibilityHow to claim a portion of your rent and/or home expensesGuest Contact Information:Website: https://www.emac-cpa.com/Email: info@ericmcglothenllc.comTwitter: @emaccpaFacebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/Phone: (404) 946-1855Youtube Show: Level Up with Eric McGlothenWE WANT TO HEAR FROM YOU!!!!  FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our communityText word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by: Your Podcast PalThis episode is sponsored by Locumstory. Learn how locum tenens helps doctors make more and have the lifestyle they deserve! Check them out HERE!

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!We're back with another Tax Series Money Tip with Eric McGlothan, CPA and CEO of Eric McGlothen, LLC CPA.  In this episode, we address the options employed doctors have to decrease their taxes. Eric explains why W-2 income is the hardest income to plan for. Things to expect in this episode:The benefits of maximizing money going into retirement and health saving accounts, plus charitable contributionsThe upside and downside of conservation easementsThe role of 401ks, HSAs, and IRAs in reducing taxable incomeGuest Contact Information:Website: https://www.emac-cpa.com/Email: info@ericmcglothenllc.comTwitter: @emaccpaFacebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/Phone: (404) 946-1855Youtube Show: Level Up with Eric McGlothenWE WANT TO HEAR FROM YOU!!!!  FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our communityText word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by: Your Podcast PalThis episode is sponsored by:Provider Solutions & Development. Experts in holistic career coaching – check them out HERETwitter: @PSDConnectsFacebook: @PSDConnectsLinkedIN: Provider Solutions & DevelopmentSet For Life Insurance. What the Darkos use for great disability insurance at a low cost!! Check them out at www.setforlifeinsurance.com

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Nii and Renée hash out President Biden’s student loan debt relief program, how Tesla’s “full self-driving” has escalated to lawsuits and banned Youtube videos, as well as the impact of quiet quitting in the medical field. Things to expect in this episode:A break-down of Biden’s three-part student debt relief plan Is Biden’s student debt relief plan a temporary fix?Are some student loans more forgivable than others?Why some parents put their kids in front of Tesla cars to prove their safetyAre doctors quiet quitting and what does that term really mean?Resources:Every medical resident should go to: https://studentaid.gov/debt-relief-announcement/Tesla Full Self Driving running over child mannequinsNPR on Quiet QuittingWE WANT TO HEAR FROM YOU!!!! FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWD - MAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE! Join our communityText word PODCAST to 833-230-2860 Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.com Podcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.com This episode is edited by: Your Podcast PalThis episode is sponsored by :Set For Life Insurance. What the Darkos use for great disability insurance at a low cost!! Check them out at www.setforlifeinsurance.comSt. John Associates - Our expert consultants thoughtfully match physicians and employers nationwide. www.StJohnJobs.com/Docs 

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Nii and Renée present Money Trap #6: Not investing enough or making risky investments. In this episode, they delve into topics like having the mindset of a long-term investor, peer-to-peer lending, reasons not to invest, what to invest in, and their personal approach to risky investments.  Things to expect in this episode:The biggest reasons why doctors feel burned outUnderstanding the market and investments other than stocksWhy you should invest in index funds, plus a book recommendationTop two reasons why you should NOT invest  A safer approach to risky investments, including Crypto and whole life insuranceBook: The Simple Path to Wealth: Your road map to financial independence and a rich, free lifeNY Income Tax Calculator:https://www.forbes.com/advisor/income-tax-calculator/new-york/350000/?filing=married&deductions=0&k401=0&ira=0&dependents=2WE WANT TO HEAR FROM YOU!!!! FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!  Join our communityText word PODCAST to 833-230-2860 Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.com Podcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.com This episode is edited by: Your Podcast PalThis episode is sponsored by St. John Associates - Our expert consultants thoughtfully match physicians and employers nationwide. www.StJohnJobs.com/Docs